2907 San Mateo BlvdAlbuquerque, NM 87110

Property Details for 2907 San Mateo Blvd

Year built

1916

Lot size

0.16 AC

Property size (Sq ft)

1,209 SF

Property type

Office properties

APN

1-017-059-519-474-1-32-03

APU

101705951947413203

Description

This exceptional freestanding office building, located at 2907 San Mateo Blvd NE in Albuquerque, New Mexico, presents a compelling owner-user opportunity. Priced at $350,000, this 1,225 square foot property sits on a 0.16-acre lot and is zoned MX-L. The building boasts three private offices, providing ample space for individual work or small teams. A dedicated conference room facilitates productive meetings, while a welcoming reception area and convenient break area enhance employee comfort and collaboration. Additional storage is provided by an on-site shed, addressing various organizational needs. Beyond the building's interior, the property offers the advantage of extra parking located behind the building, ensuring convenient access for staff and clients. This single-unit building represents a rare chance to acquire a well-appointed, functional office space in a desirable Albuquerque location, within the 87110 zip code. The price per square foot is $285.71. This property is ideal for a business seeking a dedicated and versatile workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $174,715

  6.5%

  $161,276

  7%

  $149,756

• Comparable approach

  Method

  Valuation

  Relative Method

  $104,176

  Geo Method

  $99,888

• Alternative Use

  Use

  Valuation

  Residential

  $199,982

  Hospitality

  $183,182

  Educational

  $152,406

  Medical

  $157,647

  Retail

  $237,075

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.115

Longitude

-106.587

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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